Crypto News

The Dollar index (DXY), which measures the strength of the U.S. dollar against a basket of other currencies, has dropped below the 100 mark for the first time since April 2022. In January, research from CoinDesk noted that the DXY index was mirroring the pattern seen during President Trump’s first term — and it now appears to have done just that. The index has fallen over 10% from its recent high of 110 and is now at its lowest level in three years.Investor sentiment continues to shift away from U.S. assets, putting further downward pressure on the dollar, as trade tensions between the U.S. and China intensify. Just before press time, China announced an increase in tariffs on U.S. goods,...

Activity in PowerTrade's options market for alternative cryptocurrencies (altcoins) picked pace this week as heightened market volatility prompted traders to seek derivatives for hedging and speculative opportunities.Trading volume in XRP options has soared to over $5 million this week, with most activity concentrated in short-dated expirations, data shared by PowerTrade shows. Flows have been balanced between put options at strikes ranging from $1.80 to $1.98 and calls at strikes $1.80 to $1.93."This activity suggests traders are positioning for significant short-term price movement—either from regulatory developments or a breakout pattern—with a nearly even balance between bullish and bearish structures," Bernd Sischka, head of institutional sales at PowerTrade, told CoinDesk.The two-way flow is consistent with the volatile market action, characterized by XRP...

Thailand has approved significant amendments to the digital asset and cybercrime laws to combat cybercrime and online scams. Combating Mule Accounts in the Crypto Industry The Thailand Cabinet has approved significant amendments to the Digital Asset Business Law and the Cybercrime Law, aiming to bolster the nation’s defenses against cybercrime and the use of “muleSource link

The U.S. dollar index (DXY) has fallen below 100 and gold has surged to new all-time highs as escalating tariffs have heightened global economic uncertainty. Consequently, asset prices have taken a hit—most notably in the tech sector and cryptocurrencies. Since reaching its all-time high of $109,000 in January, bitcoin (BTC) has declined approximately 26%. When compared to the "Magnificent Seven" tech stocks, bitcoin’s drawdown sits right in the middle, signaling its growing maturity as an asset. Tesla (TSLA) is currently the worst performer, down nearly 50% from its peak. NVIDIA (NVDA) follows with a 31% drop. Apple (AAPL), Bitcoin, Meta (META), Google (GOOG), and Amazon (AMZN) have all declined around 26%, while Microsoft (MSFT) stands out with a relatively modest...

Pakistan is exploring bitcoin mining and AI data centers as a way to utilize its surplus electricity, with plans to foster innovation, boost exports, and create tech jobs through crypto regulation and infrastructure support. Turning Watts into Wealth: Pakistan Leverages Excess Energy for Crypto Mining Pakistan is looking to bitcoin mining and artificial intelligence (AI)Source link